All News & Articles from ICBA

ICBA White Paper to Treasury Offers Roadmap for Economic Growth

Community bank regulatory relief would bolster U.S. prosperity

Washington, D.C. (May 11, 2017)—The Independent Community Bankers of America® (ICBA) today delivered to the Treasury Department a comprehensive white paper to bolster economic and job growth through tiered and proportionate community banking regulations. “Community Bank Regulatory Relief: A Roadmap to Economic Growth and Prosperity” outlines ICBA’s plan to modernize regulations on community banks so they can continue fostering economic recovery in communities of all sizes across the country.

“Community banks operate in a suffocating regulatory environment that prevents them from reaching their full potential as catalysts for local economic growth and job creation,” ICBA wrote in the white paper. “ICBA urges the Department of the Treasury and Congress to champion and enact meaningful regulatory relief that will allow community banks to do what they do best — serve the unique borrowing needs of their customers.”

ICBA’s white paper, which complements its Plan for Prosperity regulatory relief platform, lays out the economic benefits of community banks and the challenge of overregulation that exacerbates industry consolidation and limits access to critical banking services for many consumers. The paper offers solutions to the following policy areas to spur community-based growth and investment:

reviewing the credit union industry’s tax and regulatory exemptions to promote a level playing field in the financial services industry.

ICBA community bankers from around the country met with Treasury officials on April 5 to detail many of these recommendations in response to President Trump’s recent executive order to review financial regulations. ICBA’s “Community Bank Regulatory Relief: A Roadmap to Economic Growth and Prosperity” white paper is available on the ICBA website.

About ICBAThe Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.

CEO Alert!

ICBA White Paper to Treasury Offers Roadmap for Economic Growth

Community bank regulatory relief would bolster U.S. prosperity

Washington, D.C. (May 11, 2017)—The Independent Community Bankers of America® (ICBA) today delivered to the Treasury Department a comprehensive white paper to bolster economic and job growth through tiered and proportionate community banking regulations. “Community Bank Regulatory Relief: A Roadmap to Economic Growth and Prosperity” outlines ICBA’s plan to modernize regulations on community banks so they can continue fostering economic recovery in communities of all sizes across the country.

“Community banks operate in a suffocating regulatory environment that prevents them from reaching their full potential as catalysts for local economic growth and job creation,” ICBA wrote in the white paper. “ICBA urges the Department of the Treasury and Congress to champion and enact meaningful regulatory relief that will allow community banks to do what they do best — serve the unique borrowing needs of their customers.”

ICBA’s white paper, which complements its Plan for Prosperity regulatory relief platform, lays out the economic benefits of community banks and the challenge of overregulation that exacerbates industry consolidation and limits access to critical banking services for many consumers. The paper offers solutions to the following policy areas to spur community-based growth and investment:

reviewing the credit union industry’s tax and regulatory exemptions to promote a level playing field in the financial services industry.

ICBA community bankers from around the country met with Treasury officials on April 5 to detail many of these recommendations in response to President Trump’s recent executive order to review financial regulations. ICBA’s “Community Bank Regulatory Relief: A Roadmap to Economic Growth and Prosperity” white paper is available on the ICBA website.

About ICBAThe Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.